A comprehensive analysis of recent commercial lending activities in Jacksonville, reveals a vibrant and dynamic landscape marked by the successful closure of 1,943 loans within the past 90 days. The loan amounts span a wide range, from $11,690.00, funded for a Hospital property, to an impressive $819,530,000.00, allocated for a Services property. This diversity underscores the robust nature of Jacksonville’s commercial real estate market.
The predominant property types financed in Jacksonville exhibit remarkable diversity, including:
– Services: 17 deals
– Single Family Residence: 1,236 deals
– Retail: 45 deals
– Industrial: 33 deals
– Multi-Family: 14 deals
– Vacant – Commercial: 24 deals
– Timberland: 22 deals
– Misc: 5 deals
– Unknown: 1 deal
– Vacant – Residential: 174 deals
– Vacant – Industrial: 8 deals
– Mobile Homes: 32 deals
– Medical Services: 5 deals
– Agriculture: 8 deals
– Office: 53 deals
– Parking: 3 deals
– Motels: 2 deals
– Vacant: 9 deals
– Utilities: 5 deals
– Government: 5 deals
– Hotel: 1 deal
– Residential – Duplex/Triplex/Quadplex: 64 deals
– Residential Condo: 163 deals
– Mixed Use: 3 deals
– Educational: 2 deals
– Misc Residential: 8 deals
– Hospital: 1 deal
Jacksonville stands out as a key player in the commercial lending landscape, attracting major nationwide lenders. Prominent institutions taking the lead in financing commercial properties in Jacksonville include:
– United Wholesale Mortgage
– Kiavi Funding
– The Goldman Sachs Group Inc
– Navy Federal Credit Union
– Bank of America
– Ameris Bank
– First Citizens Bank
– Lima One Capital
– AD Mortgage
– Banesco USA
– First Horizon Bank
– LendingOne
These lenders contribute to the city’s economic growth and development by providing diverse funding options across various property types. The competitive lending environment reflects the strength and resilience of Jacksonville’s commercial real estate market.
